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  1. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... Reuters in Paris LVMH hit hard by sharp drop in demand in city LVMH has seen a drop in demand from Chinese buyers in its home market and overseas, as well as a slowdown in Hong Kong ... It also said fewer tourists, particularly from mainland China, were shopping in Hong Kong because of pro-democracy protests. Many leading luxury brands generate more than 10 per cent ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  2. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... in its main markets, and a slowdown in Hong Kong retail spending. Net profit for the year ended February was down to HK$280 million, compared to HK$385 million the year before. Turnover increased ... and accessories, IT sells upmarket European and Japanese brands in addition to its own in-house labels such as 5cm, B+ab and Izzue. Now in its 26th year, Hong Kong is its primary market, making up 54 per ...

    http://www.scmp.com/business/companies/article/1518235/fashion-retailer-it-sees-profits-plunge-over-hong-kong-slump
  3. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

    Posted Jul 25th 2014, 01:35am by Eric Ng

    ... power supplier for Hong Kong Island and Lamma Island, profit dropped 24.2 per cent to HK$3.62 billion. To plug the profit gap, Power Assets said it "will continue to proactively search ... and continental Europe." The stake sale has cut Power Assets and CKI's exposure to the risks in Hong Kong's uncertain regulatory environment. ...

    http://www.scmp.com/business/companies/article/1558514/cki-seeks-new-investments-after-windfall-profit
  4. Business - Companies - EARNINGS

    Google's second-quarter revenue tops estimates on robust ad sales

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Larry Page is adding new features in mobile, video and web services to boost user traffic and attract marketers as he seeks to bolster Google's main ad business. As a result, the number ...

    http://www.scmp.com/business/companies/article/1556529/googles-second-quarter-revenue-tops-estimates-robust-ad-sales
  5. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... but in Macau our rental expense is still rising very fast. "In Hong Kong we will work on finding more attractive spaces." Over the past year, the group has focused on opening landmark stores ... on the Hong Kong market was very cautious. This year the company would open one to three stores in Hong Kong, most likely in the New Territories districts of Sha Tin, Yuen Long or Sheung Shui, which ...

    http://www.scmp.com/business/companies/article/1541297/jeweller-luk-fook-posts-record-profit-hk186b-after-gold-binge
  6. Business - China Business - EARNINGS

    Car dealer Sparkle seeks to regain glitter with new products

    Posted Jun 24th 2014, 05:58am by Sophie Yu

    ... in a filing to the Hong Kong stock exchange. A study issued by Bain & Co in December last year expected growth in the mainland's luxury goods market to slow to 2 per cent from 7 per cent ...

    http://www.scmp.com/business/china-business/article/1539230/car-dealer-sparkle-seeks-regain-glitter-new-products
  7. Business - Banking & Finance - EARNINGS

    Bank of China (Hong Kong) flags cut to dividend payout ratio

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... to dividend payout ratio Bank of China (Hong Kong), the subsidiary of Bank of China in the city, plans to cut its dividend payout ratio to shareholders despite seeing its net profit rise 6.3 per cent ... 60 per cent to 70 per cent previously, because of increased capital requirements from the Hong Kong Monetary Authority and the Basel 3 international standard, which will be fully implemented ...

    http://www.scmp.com/business/banking-finance/article/1458119/bank-china-hong-kong-flags-cut-dividend-payout-ratio
  8. Business - Companies - EARNINGS

    SCMP Group eyes growth as Hong Kong economy improves

    Posted Mar 21st 2014, 01:04am by BIEN PEREZ

    ... the publisher of the South China Morning Post, expects the improved economy in Hong Kong to help usher in growth after the company posted a 29 per cent drop in net profit last year, mainly because ... ways to restore the company's public float," the group said in its filing. The latest survey by the Hong Kong Advertising Association and market-measurement firm Nielsen ...

    http://www.scmp.com/business/companies/article/1453563/scmp-group-eyes-growth-hong-kong-economy-improves
  9. Property - Hong Kong & China - EARNINGS

    Link Reit distributable income jumps 14pc

    Posted Jun 04th 2014, 02:10pm by Peggy Sito

    ... retail sales in Hong Kong. Retail sales in April fell 9.8 per cent year on year to HK$38.8 billion, the Census and Statistics Department said on Wednesday. It was the third month of decline, after drops of 1.3 per cent in March and 2.3 per cent in February. "Retail sales in Hong Kong may slow down in the coming months, but sales growth in non-discretionary items (major items ...

    http://www.scmp.com/property/hong-kong-china/article/1525222/link-reit-distributable-income-jumps-14pc
  10. Business - Companies - EARNINGS

    Johnson Electric under pressure from rising wages, increased plant cost

    Posted May 16th 2014, 01:05am by Sophie Yu

    ... "reflected the combination of strong demand from automotive customers, lower sales to industrial customers" and foreign exchange rate movements, the company said in a filing with the Hong Kong ... exchange", the company said. The consolidation may attract more potential investors, including institutional investors, and expand the shareholder base, it said. In March, Johnson Electric issued ...

    http://www.scmp.com/business/companies/article/1513100/johnson-electric-under-pressure-rising-wages-increased-plant-cost

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